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Saudi Arabian Oil Company (Saudi Aramco) announced on Sunday that it would buy Shell Saudi Arabia Refining Limited's (Shell) 50% share of the SASREF joint venture in Jubail Industrial City for $631 million. The refinery has a capacity of 305,000 barrels per day. The sale is expected to complete later...

Tesla Inc. (TSLA) announced that four directors will leave the company, as CEO Elon Musk and the Securities and Exchange Commission negotiate terms governing Musk's activity on Twitter. In a proxy filing Friday, Tesla said it would shrink the size of its board to seven from 11 directors and the outgoing...

Fiat Chrysler recalled more than 300,000 cars in North America due to a cable problem that may cause them to roll away unexpectedly. FCA US recalled an estimated 298,439 vehicles in the U.S. to replace their shift-cable bushings. The recall also affects an estimated 20,117 vehicles in Canada, 3,389...

Ride-hailing company Uber Technologies Inc. said Thursday that a consortium of investors that includes Japanese conglomerate SoftBank Group Corp. (SFTBF.PK) will invest $1 billion in the company's self-driving car unit. Automaker Toyota Motor Corp. (TM), automotive parts supplier Denso Corp. (DNZOY.PK)...

CenterPoint Energy, Inc. (CNP) Thursday said it appointed Xia Liu as executive vice president and chief financial officer, effective April 22. Liu will report to CenterPoint Energy president and chief executive officer Scott Prochazka and oversee the company's finance organization, including accounting,...

French hotel group Accor (ACRFY.PK, ACRFF.PK) said its consolidated first-quarter 2019 revenues totaled 987 million euros, up 34.2% from 735 million euros last year. On a like-for-like basis, revenues were up 8.8%. The Group's RevPAR increased by 1.6%, with mixed performances depending on the region. CEO...

SKECHERS USA, Inc. (SKX) announced, for the second quarter of 2019, the company expects sales in the range of $1.200 billion to $1.225 billion, and earnings per share of $0.30 to $0.35. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.38 on revenue of $1.23 billion....

Mylan N.V. (MYL), and TB Alliance, a not-for-profit drug maker struck a deal to make the experimental drug pretomanid available for use in two investigational drug regimens to treat tuberculosis. TB Alliance is currently developing pretomanid in three late-stage clinical trials, which are ongoing....

Eagle Materials Inc. (EXP) said Thursday that its board of directors and management team have commenced a strategic review of its portfolio of businesses: heavy materials, light materials, and oil and gas proppants, to enhance shareholder value. As part of the portfolio review, Eagle Materials will...

Apple Inc. (AAPL) said Thursday that it has expanded its recycling programs and quadrupled the number of locations U.S. customers can send their iPhone to be disassembled by Daisy, its recycling robot. Apple noted that Daisy will disassemble and recycle select used iPhones returned to Best Buy stores...

While reporting its first-quarter financial results on Thursday, East West Bancorp, Inc. (EWBC), the parent company of East West Bank, said its board of directors approved a 20 percent increase to the quarterly common stock dividend. The company's quarterly dividend will increase to $0.275 per share,...

ConocoPhillips (COP) has agreed to sell two U.K. subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. The deal is expected to be completed in the second half of 2019. The company will use the proceeds for general corporate purposes. The U.K. subsidiaries involved...

Blackstone (BX) announced conversion from a publicly traded partnership to a corporation, expected to be effective July 1, 2019. The company said this paves the way for equity value appreciation by removing ownership restrictions and by expanding global investor universe. Blackstone expects the conversion...

Lawson Products Inc. (LAWS) on Thursday reported that its net income for the first quarter was $4.1 million or $0.44 per share, up sharply from $1.2 million or $0.13 per share for the same period a year ago. Excluding stock-based compensation and severance, adjusted earnings for the quarter were...

While reporting financial results for the first quarter, American Express Co. (AXP) on Thursday affirmed its earnings and revenue growth guidance for the full-year 2019. For fiscal 2019, the company continues to project earnings in the range of $7.64 to $8.14 per share and adjusted earnings in the...

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